Friday, July 31, 2009

Even Bernanke Admits this Could be Worse than the Great Depression


Washington's Blog | July 30, 2009

As I have previously pointed out, the current economic crisis could be worse than the Great Depression. See this and this.

I have also pointed out that two economists said as recently as June that the global economic downturn was worse than the Great Depression.

But if you don't believe them, here it is from the horse's mouth . . .

Ben Bernanke said 3 days ago:

A lot of things happened, a lot came together, [and] created probably the worst financial crisis, certainly since the Great Depression and possibly even including the Great Depression.
Even Bernanke admits this could be worse than the Great Depression.

If this could be worse than the Depression, why are Bernanke, Summers and Geithner taking the status quo approach to the economy, and letting the financial giants do whatever they want?

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Sheeple



The Black Sheep tries to warn its friends with the truth it has seen, unfortunately herd mentality kicks in for the Sheeple, and they run in fear from the black sheep and keep to the safety of their flock.

Having tried to no avail to awaken his peers, the Black Sheep have no other choice but to unite with each other and escape the impending doom.

What color Sheep are you?

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